In a positive Q1 update, discoverIE has detailed Q1 sales were up +27% on last year (+17% organically). The strong organic growth reported in FY 2022 has continued into this year and underlying earnings are ahead of the Board’s expectations. Orders were stronger than expected, with a book-to-bill of 1.09, and the order book at June 2022 was a record £240m, up from £224m at the start of the quarter. The order book is up +40% organically over the last 12 months. Gross margins continue to be resili ....
28 Jul 2022
discoverIE - Record order book, pipeline of acquisition opportunities
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discoverIE - Record order book, pipeline of acquisition opportunities
discoverIE Group PLC (DSCV:LON) | 738 14.8 0.3% | Mkt Cap: 704.9m
- Published:
28 Jul 2022 -
Author:
Guy Hewett -
Pages:
5
In a positive Q1 update, discoverIE has detailed Q1 sales were up +27% on last year (+17% organically). The strong organic growth reported in FY 2022 has continued into this year and underlying earnings are ahead of the Board’s expectations. Orders were stronger than expected, with a book-to-bill of 1.09, and the order book at June 2022 was a record £240m, up from £224m at the start of the quarter. The order book is up +40% organically over the last 12 months. Gross margins continue to be resili ....